13 IT spending benchmarks every company needs now
IT’s always one of the first on the chopping block in tight times. But which specific tech expenses are your peers taking the hatchet to?
New spending benchmarks from the folks at CIO.com gives you an idea of your peers’ plans.
And while no cuts are ever going to be popular, if your company can orient them in terms of what other companies are doing, it may soften the blow.
Who knows? You may even be able to buck some trends, which would be info worth passing along to make some of the other cost-containment measures go down a little more smoothly.
13 benchmarks
Check out what percentage of other companies are planning to cut these specific parts of their IT budgets now, starting with the ones with the biggest bull’s-eyes on them.
| IT budget item | % of companies reducing spending |
| IT travel | 61% |
| Hiring freezes | 59% |
| Capital spending | 49% |
| Outsourced IT | 48% |
| Hardware | 47% |
| IT training | 46% |
| Applications | 41% |
| IT compensation | 35% |
| Network Infrastructure | 35% |
| Current headcount | 34% |
| • Full-time in-house staff | 31% |
| • Contractors and temporary workers | 48% |
| Web/Mobile | 32% |
- Share on
Free Training & Resources
Webinars
Provided by Insightsoftware
Further Reading
After payday, an employee flags a missing differential. HR sends the details to payroll, and the team begins retracing punches, schedules, ...
Most employers give out annual pay raises, according to a new survey. However, the increase isn’t enough to keep up with inflation. Th...
Is your company a joint employer, subject to trickier overtime compliance issues? If you don’t ask that question, employees might do ...
The cost of being a federal contractor is going up for 2024 due to a minimum wage increase. There’s legal pushback in some parts of t...
As Finance pros know, self-insured group health plans may be more cost-effective than fully insured plans – more financially risky, too. ...
When Congress passed the Tax Cuts and Jobs Act (TCJA) of 2017, the expiration date for some of the provisions seemed far off. Now, the date...
